Memecoins
Whale Market Token Surges 30% After Memecoin Launchpad Release
Whales Market has launched whales.meme, a Solana-native competitor to Pump.Fun.
Whales Market, the trustless OTC platform for buying and selling drop points, has revealed its new product, whales.memea no-code platform for launching memecoins on Solana.
Following the release, the official Whales Market token, $WHALES, soared 25%, reaching a fully diluted valuation (FDV) of $97 million.
Whales.meme works similarly to Pump.Fun, where users can create and launch memecoins with no coding experience and a nominal deployment fee. However, instead of purchasing tokens directly like on Pump.Fun, users purchase “eggshells” on whales.meme.
There are 200 eggshells per project, and each eggshell represents 0.5% of the supply of each token. Prices increase along a bonding curve as more eggshells are purchased, and the 200th and final eggshell acts as the token’s listing price on decentralized exchanges (DEXs) like Raydium .
Once the 200th eggshell is sold, the funds from the sale of eggshells serve as liquidity for the DEX listing, and users can claim their token allocations based on their eggshell holdings.
The launch comes as some market players were looking for an alternative to Pump.Fun following the evolution of the platform. exploit on May 16.
